Sam Bankman-Fried, the ex-CEO of collapsed cryptocurrency exchange FTX, has come down heavily on John J Ray III – the restructuring specialist, in an interview.
The founder of the now-defunct crypto exchange Sam Bankman-Fried said, the testimony from the new FTX chief executive is “false”.
In a bankruptcy deposition made Nov. 17, restructuring specialist Ray berated poor record-keeping and untrustworthy financial information at FTX, which had filed for Chapter 11 bankruptcy in Delaware on Nov. 11
In an interview released Monday, Bankman-Fried referred to “statements that have been made, that have been put on legal record that I knew to be false.”
“There have been cases where it’s been said XYZ did not exist, and I am staring at a copy of XYZ, ” Bankman-Fried added. Bankman-Fried has also previously said that he has had only “limited access to data” since stepping down as CEO.
Bankman-Fried said that the falsehoods could amount to lying or honest mistakes and that Ray and his team hadn’t responded to Bankman-Fried’s emails on the issue.
The comment came in response to a question about the new CEO’s comments on poor financial controls.
“I would dispute the claim that there were zero financial controls,” Bankman-Fried said. “I completely agree that there were places in which there were very poor controls and that those places were critical and that that was really bad.”
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